Mr. Ryan Jackson reports

CIELO ANNOUNCES STRATEGIC PARTNERSHIP FRAMEWORK AGREEMENT WITH TANO T'ENNEH ENTERPRISES FOR PROPOSED SUSTAINABLE AVIATION FUEL FACILITY IN BRITISH COLUMBIA

Cielo Waste Solutions Corp. has entered into a non-binding strategic partnership framework agreement dated March 14, 2026, with Tano T'enneh Enterprises (TTE), a wholly owned enterprise of the Lheidli T'enneh Nation, to collaboratively advance Project Nexus, Cielo's previously announced sustainable aviation fuel facility proposed for development on land to be acquired by TTE within Lheidli T'enneh Nation territory in British Columbia.

The SPFA establishes a non-binding framework for Cielo and TTE to work together to evaluate and advance Project Nexus toward negotiating and executing definitive agreements while preserving Cielo's rights to the project concept and its ability to pursue the project elsewhere if it does not proceed with TTE or in Lheidli T'enneh Nation territory.

Proposed project structure

Under the terms contemplated by the SPFA, Project Nexus would be owned and financed through a limited partnership structure (the project LP), in which TTE would hold up to 51 per cent of the units of the Project LP, representing majority indigenous ownership. Cielo (together with any third party limited partners introduced by Cielo) would hold the balance of the LP units. A general partner is intended to be established with representation from both Cielo and TTE to operate the project LP. Governance terms will be set out in the definitive agreement(s).

Its anticipated that TTE would acquire land within Lheidli T'enneh Nation territory to serve as the project site, with tenure anticipated to support indigenous financing programs and federal loan guarantees, where available and applicable.

Financing framework

Cielo and TTE intend to explore a financing structure that may include British Columbia Low Carbon Fuel Standard (B.C. LCFS) incentives, indigenous loan guarantee programs, Canada Infrastructure Bank financing, Clean Fuels Fund funding and investment tax credits. Cielo's equity contribution may be structured to be partially recoverable through future LCFS credit allocations under a B.C. LCFS initiative agreement, if entered into, reducing upfront capital requirements while maintaining alignment with project performance. Final financing terms will be subject to the definitive agreement(s), lender requirements and program eligibility.

"We are pleased to be working with TTE toward a sustainable aviation fuel facility in British Columbia. Majority indigenous ownership is a foundational principle of this partnership, and we look forward to advancing the project through the next stages of development," said Ryan C. Jackson, chief executive officer of Cielo.

Roles of the parties

It is anticipated that Cielo would lead all technical and commercial workstreams, including feasibility, pre-FEED (front-end engineering and design) and FEED engineering, permitting, technology integration, EPC (engineering, procurement and construction) oversight, B.C. LCFS initiative agreement submissions, and operational readiness, and TTE is expected to contribute land access, government and community relations, indigenous financing pathways, work force development and environmental stewardship.

"From our very first conversation with Cielo, it was clear this was a different kind of partnership -- one built on genuine respect, shared values and a commitment to long-term benefit for our nation. This project has the potential to create real jobs, real revenue and a lasting legacy for Lheidli T'enneh. We are excited to get to work," said Evan Salter, chief executive officer of Tano T'enneh Enterprises.

Next steps

Cielo intends to work with TTE toward the negotiation and execution of the definitive agreement(s), including agreements relating to land tenure and the formation and governance of the project LP, with the intention of advancing Project Nexus through feasibility toward FID (final investment decision).

The SPFA is non-binding (other than customary confidentiality and similar provisions) and the project remains subject to feasibility results, financing and regulatory approvals. Unless the definitive agreements are entered into, nothing in the SPFA restricts Cielo from pursuing Project Nexus elsewhere if the project does not proceed with TTE or within Lheidli T'enneh Nation territory.

About Cielo Waste Solutions Corp.

Cielo Waste Solutions is a clean fuels infrastructure and project development company focused on advancing waste-derived feedstocks into sustainable aviation fuel and other low-carbon energy products. Through its Nexus platform -- an integrated framework supporting project evaluation, engineering, financing and capital-efficient execution -- Cielo is advancing Project Nexus in British Columbia while building a scalable pipeline of clean fuels projects across North America and select international markets.

Cielo's shares are listed on the TSX Venture Exchange under the symbol CMC and the OTCQB under the symbol CWSFF.

We seek Safe Harbor.